ENA

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+3.067%

7d average—if it closes, per $10,000$307funding while held, a day−$0.15

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ENA	0.2110	0.0038	pay 0.0005% / 1h	30m 58s	$5K	$418K	10x
Short	Injective ENA/USDC PERP	0.2174	0.0033	get 0.0004% / 1h	30m 58s	$535	$162	5.5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee PhoenixbpFee InjectivebpOrdersClose when spread is

Spread captured: $306.68
Funding while held: −$0.15
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $299.51
Spread needed to break even: 0.070%

Slippage unknown: Phoenix: live order book, 68 min ago; Injective: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0005%
Per $10,000 a day: −$0.15
Average in range /8h: —

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 68 min ago	1.91 bp	16.6 bp −$17	59.4 bp −$594	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA price on every exchange

against the cheapest. Click to use as the short leg.

SunX0.2058cheapest Bulk0.2107+2.404%edgeX0.2108+2.416%Variational Omni0.2108+2.426%ApeX Omni0.2109+2.478%Ondo Perps0.2109+2.493%

Phoenix0.2110+2.512%

Extended0.2110+2.519%Bybit0.2110+2.522%Arcus0.2110+2.527%Popdex0.2110+2.527%Bitget0.2110+2.527%Nado0.2110+2.534%Paradex0.2110+2.537%OKX0.2111+2.556%Pacifica0.2111+2.557%dYdX0.2111+2.560%Phemex0.2111+2.575%Binance0.2111+2.583%01 Exchange0.2111+2.585%KuCoin0.2111+2.590%BingX0.2112+2.609%Reya0.2112+2.614%MEXC0.2112+2.614%BloFin0.2112+2.614%Gate0.2112+2.619%Orderly0.2112+2.619%SoDEX0.2112+2.624%Polymarket Perps0.2112+2.634%Aevo0.2112+2.641%Aster0.2112+2.645%gTrade (Gains Network)0.2113+2.672%GMX0.2113+2.678%Backpack0.2113+2.687%Deribit0.2113+2.687%Coinbase International0.2114+2.702%Kraken Futures0.2114+2.702%Hyperliquid0.2115+2.782%Lighter0.2115+2.784%HTX0.2116+2.809%

Injective0.2174+5.656%

ENA on 41 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SunX ENA-USDT	−2.451%	+0.0100%	4h	$1K	$781K	20x	as long as short
Bulk ENA-USD	−0.106%	+0.0100%	1h	$88K	$1K	10x	as long as short
edgeX ENAUSDC	−0.093%	+0.0100%	4h	$257K	$8.8M	20x	as long as short
Variational Omni ENA	−0.084%	+0.0100%	4h	$3.6M	$10.0M	—	as long as short
ApeX Omni ENAUSDT	−0.033%	+0.0100%	1h	$21K	$706K	50x	as long as short
Ondo Perps ENA-USD.P	−0.019%	+0.0100%	1h	$28K	$485K	5x	as long as short
Phoenix ENAlong	0.000%	+0.0038%	1h	$5K	$418K	10x
Extended ENA-USD	+0.007%	+0.0104%	1h	$1.5M	$4.0M	50x	as long as short
Bybit ENAUSDT	+0.009%	+0.0100%	4h	$89.1M	$206.1M	50x	as long as short
Arcus ENA-USD	+0.014%	+0.0100%	1h	$84K	$303K	10x	as long as short

Show all 41 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex ENAUSDT	+0.014%	+0.0096%	1h	$55K	$579K	50x	as long as short
Bitget ENAUSDT	+0.014%	+0.0038%	4h	$48.0M	$68.6M	75x	as long as short
Nado ENA-PERP	+0.021%	+0.0100%	1h	$649K	$1.9M	10x	as long as short
Paradex ENA-USD-PERP	+0.025%	+0.0100%	8h	$47K	$221	10x	as long as short
OKX ENA-USDT-SWAP	+0.043%	+0.0100%	4h	$20.3M	$127.3M	50x	as long as short
Pacifica ENA	+0.044%	+0.0100%	1h	$401K	$649K	10x	as long as short
dYdX ENA-USD	+0.047%	+0.4838%	1h	$139K	$12K	5x	as long as short
Phemex ENAUSDT	+0.062%	+0.0100%	4h	$1.8M	$9.4M	50x	as long as short
Binance ENAUSDT	+0.069%	+0.0100%	4h	$130.3M	$496.7M	75x	as long as short
01 Exchange ENAUSD	+0.071%	+0.0120%	1h	$4K	$432	10x	as long as short
KuCoin ENAUSDTM	+0.076%	+0.0100%	4h	$22.5M	$17.4M	75x	as long as short
BingX ENA-USDC	+0.095%	+0.0100%	4h	—	$6.5M	—	as long as short
Reya ENARUSDPERP	+0.099%	+0.0412%	1h	$1K	$5K	15x	as long as short
MEXC ENA_USDT	+0.100%	+0.0100%	4h	$45.6M	$57.6M	200x	as long as short
BloFin ENA-USDT	+0.100%	+0.0340%	4h	$5.7M	$8.4M	75x	as long as short
Gate ENA_USDT	+0.104%	+0.0100%	4h	$10.6M	$24.8M	50x	as long as short
Orderly PERP_ENA_USDC	+0.104%	−0.0173%	4h	$42K	$23K	10x	as long as short
SoDEX ENA-USD	+0.109%	+0.0100%	1h	$4K	$15K	10x	as long as short
Polymarket Perps ENA-USD	+0.119%	+0.0100%	1h	$183K	$3.5M	10x	as long as short
Aevo ENA-PERP	+0.126%	+0.0104%	1h	$78K	$11K	3x	as long as short
Aster ENAUSDT	+0.130%	+0.0100%	4h	$1.6M	$3.1M	50x	as long as short
gTrade (Gains Network) ENA/USD	+0.156%	L +0.0003% / S −0.0003%	1h	$87K	—	150x	as long as short
GMX ENA/USD [ETH-USDC]	+0.162%	L +0.0121% / S −0.0115%	1h	$38K	—	100x	as long as short
Backpack ENA_USDC_PERP	+0.171%	+0.0100%	1h	$365K	$505K	5x	as long as short
Deribit ENA_USDC-PERPETUAL	+0.171%	0.0000%	1h	$94K	$2.1M	50x	as long as short
Coinbase International ENA-PERP-INTX	+0.185%	+0.0544%	1h	$806K	$2.2M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.186%	−0.0411%	1h	$2.6M	$6.8M	50x	as long as short
Hyperliquid ENA	+0.263%	+0.0137%	1h	$110.6M	$85.2M	10x	as long as short
Lighter ENA	+0.265%	+0.0384%	1h	$5.9M	$14.0M	10x	as long as short
HTX ENA-USDT	+0.289%	+0.0100%	4h	$274K	$1.8M	50x	as long as short
Injective ENA/USDC PERPshort	+3.067%	+0.0033%	1h	$535	$162	5.5x